India will go for a higher share of the $360 billion global satellite market 

Antrix CMD, the commercial arm of Indian Space Agency (ISRO), made these remarks:

"ISRO's satellite launch revenues are just $50-60m (or 20% of total revenue). India will now take on more commercial satellite contracts, where satellites will be launched by the newly created NSIL, National Space India ltd, while ISRO will concentrate on supporting and expanding the space production ecosystem, where it will build technologies, design & manufacture systems, and market them globally. ISRO will actively seek to involve the private sector in a big way, so the country can reap a far greater share of the global space market." India can grow in nanosatellite launches, where demand is large enough, but it will continue to struggle in the much larger heavy-satellite market (without significant innovations).

"We can learn from Space X -- which has grown significantly by doing lots of innovations (eg. it fully developed a re-entry system). Their production technologies are playing a big role in reducing costs."

Broadband summit: